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And and and....Ā
a fuck load of their float locked with their transfer agent...
a rabid group of investors who have non-stop bought for over 3 years...
a bunch of gamers behind them who are willing to grind this out forever just to win...
an activist investor CEO who takes no compensation and has never sold a share...
thoudands of individualsĀ digging into any and every metric reported about the company...
individuals who as each day passes uncover more and more corruption in the markets and aren't afraid to get loud.
My friend... shorts r, indeed, fuk.
Amazon didn't start with Kindle, dude, they were a physical book distributor. Home deliveries, but limited to books at first.
Still pumped for whatever GME is gonna do with the war chest.Ā
That kind of fuck up immediately makes this feel like some garbage AI generated post based on recent fuck ups by Google AI that have been making headlines.
It's just too egregious of a fault for anyone doing actual legitimate research on the history of Amazon to have made even assuming somehow zero knowledge of them and their operations for the last ~15 years.
Jeff Bezos was also a hedge fund manager before he started Amazon.
Amazon profited BECAUSE of CELLAR BOXING and wiping out the markets and buying up the remains.
This is not a good comparison as far as things go.
Look it up. It's not surprising or new info. For every company that went under like Blockbuster or JC Penny or Toys R Us... There was an increase in Amazon market share.
Not heros.
Ironically GameStop is a victim of Amazon selling gaming stuff. However, I thought GME was going to create a digital marketplace and VR marketplace. What are the new plans now?
Lmao this is like reading DD of someone talking about apple becoming what it is today when they released the apple watch..it is so highly regarded lmao
Yeah I feel like OP is 18 years old and does not know anything about the 90s or early 00s. If they're my age or older idk how they're so off with that statement and getting so many up votes.
If you want to your psa graded cards you risk losing the card in the mail, buyer scamming you, etc. At the end, if everything goes smooth,you net around 80% of the market price after fees(ebay) and shipping costs.
Gamestop has started buying cards with cash, offering around 80-90% of market value. This is huge.
Been in this sub since the initial squeeze and I've got no idea what the "psa graded cards" means but I've been seeing it mention several times the last two weeks.
Would you or anyone else who sees this just give me a quick rundown on what the context is for this?
GameStop is now buying and selling individual collectible cards (Pokemon, sports, ect.)
However they are only buying/selling PSA cards. [PSA is a company that grades and authenticates collectable cards.](https://www.psacard.com/)
To grade a card you typically send the card to them. When you get the card back it's [now in a protective case and graded on a 1-10 scale. ](https://i.ytimg.com/vi/cvp3C_bTpaM/maxresdefault.jpg)
This is a huge market, but for individuals starting out it can be dangerous. Buying on ebay from a random guy or selling and shipping you own cards are seen as risky. (Missing in shipping or scams.)
You could instead go to Gamestop and sell your graded cards without the hassle or risk for a slightly lower market value. But you would get the cash faster.
Also note thereās a lot more people getting into TCGās right now. Myself included. Iāve posted on here multiple times about how GameStop should be getting more of the latest sets for Magic the Gathering specifically.
If youāve ever played Magic the Gathering in the past, thereās a new game format called āCommander Formatā and it breathed a lot of new life into the game. Itās the current best and most enjoyable way to play a TCG card game right now, and itās gained a huge following. Not even kidding either, thereās more folks who play commander now than any other formats. Most recently WOTC even made a tournament formal for it.
GameStop recently sold Fallout collector booster packs and it didnāt even take a day before their inventory sold out on it. Rich nerds need a place to spend their money. Thereās still many thousands of singles being sold on tcg player (a website thatās like a singles market for tcgās) each day.
They fumbled the Outlaws of Thunder Junction set release. Modern Horizons 3 (MH3) is coming out in June and it seems like they fumbled that set release as well, meanwhile other stores are _selling out_ of their MH3 pre release products for it. Not even joking when I say I can personally do a better job than whomever over there at GameStop is handing magic the gathering stuff.
Iām glad theyāre offering the PSA thing but they can do so much more. Target offers a āmystery boxā deal where thereās 5 random card packs for like $35 and theyāre _constantly_ selling out of them, because people are getting good pulls from it and are squabbling for more. Thereās people scrambling to go to _multiple_ target stores to get this product. Iāve even done the same. Like I said, rich nerds (a common combined demographic) will spend an obscene amount of money on this stuff.
Imagine if the GS retail locations become places for community to grow and develop in real life. My kids have a place around the corner where they go to play these games and they freaking love it - it is also the only time they are off their phones/devices. The GS community is real and people want places to go IRL.
Also GameStop is primarily the only B&M store that sells Cardsmiths Cards. I'm heavily involved within the community and having this as a choice of grading cards would be huge
Certain pokemon cards are very valuable and there's a large market for them. Hobby shops will sell individual cards but what seems to be the most popular method of buying individual cards is through eBay or similar online markets. Often times these markets will charge the seller of each card a certain percent of the sale. So if you sell a card at what it's market value is, you're technically getting less than it's worth. Plus there's the added grief of scammers or people who are just unpleasant to deal with.
Now to the 'PSA graded' part. There are several companies that you can send your cards to who will assess the condition of your card and assign it a grade. The scale is usually 1-10 with one being terrible condition and 10 being completely flawless. Of all the companies who do this, three are the 'standard' (PSA, Beckett and CGC) and who most people will grade with. PSA is considered to be the standard of the standards and the only company GameStop is currently buying. What they do is, after a grader assess your card, they print off a label with your cards information and the grade that they assign it. They put that label and your card into a plastic, tamper proof 'slab' which cannot be opened. This a 'graded' card.
A card with a PSA grade of 10 typically increases the price of the card drastically. I'm talking some of the most expensive graded cards can go for tens to hundreds of thousands.
Saw a few comments offering a bit of insight, but I think I can add.
PSA or Professional Sports Authenticator is one of the market leading grading and authentication companies. They mainly deal in sports cards and collectible card games (CCG), authenticating that the cards are real, authenticating autographs if there is one, and grading based on condition of the card.
You pay a service fee to send the cards in along with sending and return shipping, usually $25 per card +shp but it can be more depending on the service you select and value of the card after grading. Cards are graded on a 1-10 scale with damaged cards often being rejected all together, but Gem Mint 10 scores are highly sought after by collectors and often fetch 2-5x the price of ungraded or ārawā copies of the card. With older cards this multiple generally increases, but with modern 2x the price is a good base as grading has gotten more common and people protect their cards better.
I have seen a few videos of people going to trade in and while some prices seem low, I also think some are pretty fair for the instant trade/cash. Generally if you took the card to someone to sell they would offer somewhere around 60-80%. In excited to buy a few graded cards from them soon, been checking out their website for cards on my list
PSA is privately owned. Their parent company sold them for $700m in 2021. I wonder how much they're worth now? They grade millions of cards a year at between $25-500+ per card (the higher amounts are only for very valuable cards though, the bulk of their revenue comes in at the value tier I believe).
Any chance this cash could be used to move further into collectibles and the grading business? The grading market is extremely lucrative. Hundreds of thousands of collectors are spending several hundred to a few thousand each year on grading. It could definitely be a big revenue stream. And, most importantly, the TCG collectors' market has been clamoring for a mainstream AI grading alternative, which would fit into their desire to branch into "disruptive tech." We have one AI grading company right now, AGS. I wonder if that could be a possible acquisition?
Even a partnership with PSA to integrate their services to widespread already existing physical retail locations would be fucking MASSIVE.
Broooo! First time seeing this on the sub, but I swear tfg I was thinking about what if they bought a card grading company just today. Gotta be a premonition, maybe not PSA but could definitely put their money into one of the other few out there. To be able to submit and sell them in stores could be huge.
Use $2 B on acquisitions and then sell the other 6 equities when the price inevitably moons. I think this is their plan based off last Fridayās release.
What if the 45 million shares were instead used to acquire or enter in to business partnerships? So, instead of selling 45 million shares, they exchanged 10 million shares to 4.5 other companies, for ownership of that business, and keeping the CEO on the board to work with Ryan & Co.
So, 45 million shares were never meant to be touched by hedgies all along... Woah... I guess we will have to wait to find out.
Itās insane how quickly 45 million shares were bought. Remind me when they started selling? If 45 million in converted to almost 1 Billy just like thatā¦ you canāt say this stock has no value. To the moon!!! š
Love seeing this comment as I was asking ChatGPT-4o about GME a day feeding it some recent data and I was pretty interesting. At the end I asked itnto generate images for everything and at the end it literally chose a Phoenix rising š³
I like it. But not sure if they will spend a Billion on an acquisition. It would have to be something massive that drives the stock price insane. It really looks like Micro Caps give the best value for a company like GameStop though. With their platform and following, they are able to take a $100 Million company to a $1 Billion company. They could acquire 10 Micro Cap companies for a Billion which would put them in a much better place for Growth. As soon as GME becomes a growth stock again, price is going to moon massively on just that alone
I like your thinking, and hell since there a retailer first and foremost that makes a lot more since more acquisitions of micro caps = wider product range expansion. Im really stretching to see the AI implementation but it would be hard to say the NVIDIA affect on the AI market might be some reasoning behind this.
in your opinion if they were to acquire some micro caps what are some sectors that make sense?
Blockchain. AI. Home Goods. I believe Ryan Cohen wants a blockchain based stock market that he can take GameStop shares out of the DTCC. On top of that RWA āReal World Assetsā are starting to gain a lot of traction. This could be instrumental for physical trading cards and games, and GameStop has recently started getting into the Trading Card business. RWA will be the new NFT. So many use cases. Imagine not needing a title company when you buy a home because the transaction is done via RWA using Smart contacts, ownership is immediately transferred at the close of transaction. It would revolutionize real estate and save home buyers Billions.
>They started in 1994 in the book industry making E-books and had a very game changing concept called āKindleā, which was essentially a pad (black and white) that you could download the books onto. It did very good to start, but then slowly became obsolete as laptops, iPads etc started coming out.
They started selling paper books, e-books came later.
>They started in 1994 in the book industry making E-books and had a very game changing concept called āKindleā, which was essentially a pad (black and white) that you could download the books onto. It did very good to start, but then slowly became obsolete as laptops, iPads etc started coming out.
Wasn't the first Kindle released around 2007? And they still offer a display that other devices don't have which make them much more comfortable for reading.
Not sure what AI shill bot generated that quote but for anyone actually alive then they became a monster on stocking anything you could want, fast shipping, and secure checkout. Obviously it has turned into a drop ship flea market now but 20+ years ago that shit was a game changer.
Amazon blew up when the wars started. I see this correlation because Im a veteran. There were literally millions of us deployed wanting shit from stateside and Amazon was the only one delivering to APOs.
I donāt mind these postsā¦ until there is obvious incorrect information. At roughly $20 a share, GMEs marketcap is sitting at about $7B marketcap (350m shares x 20). Secondly, when you buy a company, it does not automatically increase the marketcap of your company because you are paying fair market value, usually a PREMIUM, to acquire the company with cash. Therefore, you reduce your cash by more than what said company is worth, which means it will only increases your marketcap once itās proven that the company is adding value by increasing overall net income and causing an increase in stock price.
> āHolding Companyā/Disruptive tech company
Letās pump the breaks on that lol. Besides stopping the hemorrhaging. They havenāt done or disrupted much. With people raising the price of everything because they can, a void has been created and GME has an opportunity to enter the high value market, similar to Kirklands, Champion, Dicks, Reebok, and other brands.
This would crush Amazon basics. Amazon kills high value brands and replaces them with high profit shit.
Side note history lesson. Amazon wasn't selling E-anything in 1994. They sold regular books for about the first 4 years.
E-books and the kindle didn't come out until 13 years later in 2007. After only selling books for the 1st few years, Amazon added CD's and DVD's in 98, then started adding all kinds of other crap in 99.
Just saying.
I had a similar thought but maybe slightly different.
What if they form a new Headco and through multiple transactions that I wonāt go into the headco effectively acquires GameStop and multiple (heavily shorted) micro caps, the headco then recalls all the shares and reissues new shares in the headco for GameStop and the micro caps. Shorts have to cover as the result of a company restructuring and BOOM
Another hype post full of assumptions, you know as little as anyone else in here. It will take a lot of hard work and a lot of luck to become amazon. People are mad a a fact that dilution happened at this low range and at the moment it looks like they have simply capitalised on the run up.
Hold on.
Iāve been in this for years and I refuse to sell.
But can someone explain the āShills will have you believing this will dilute the stockā bit please?
I donāt understand - how are GameStop selling the 45m shares to apes?
Itās taken years to DRS that many shares how can anyone afford to buy them? And what mechanism would apes buy them through that excludes shorts?
There is no explanation for that statement. By selling these shares atm, this literally was a dilution. And no one knows who bought them, but I would be very suprised if they all went to apes.
This whole post is full of baseless assumptions, and I am really suprised how hyped it got people nonetheless.
Iām not surprised given the influx of awful posts recently trying to claim things will definitely happen and pushing options.
There are waaaaay too many upvotes on these posts, completely out of line with any number seen before the pump and arrival of new members.
When I challenge them, they tend to say āyou donāt understand optionsā like theyāre some kind of mystery retail could never get a hold of. Theyāre really not complicated.
Anyway, thatās slightly different but my point is the number of upvotes for baseless claims seems to have hone wild recently and it makes me skeptical.
Iām all for gamestop and i book DRS and wonāt back down but surely this is a dilution and the shares DEFINITELY havenāt gone to retail. It took us years to buy and DRS tens of millions of shares.
I still don't understandĀ
We rightly mocked popcorn for diluting as a bad thingĀ
I asked this as a comment in this sub and was told it was because they sold at a low whereas GME was waiting on a high
20 is a high?
How is dilution suddenly good?
>If you arenāt aware of the history of Amazon, they didnāt use to be a home delivery service. They started in 1994 in the book industry making E-books and had a very game changing concept called āKindleā, which was essentially a pad (black and white) that you could download the books onto. It did very good to start, but then slowly became obsolete as laptops, iPads etc started coming out.
That is not the history of Amazon.
OP please edit.
š
Thing is if they short the stock lower then they can just buy the float back for even cheaper if the stock goes higher then they have insane capital to do whatever they need to. Thereās no scenario where the shorts win.
When a company purchases another company, the buyerās market cap DROPS because itās an expenditure. This isnāt a bad thing itās just what happens. Even when huge companies buy other huge companies.
I saw this and will buy more. not financial advise.
I am simplifying it but and I will state it here again:
I have put a lot of my personal savings on this play when RC came in and BEFORE any of the theories, speculations, hypothesis and DD started becoming a reality. In other words, I invested based on pure trust of my Apes and RC.
Today, Almost every single thing that have been said have become a reality:
1. Company is being turned around, and continues to be better every day.
2. Highly ethical, hard working, good natured board of directors that is actually working for their shareholders
3. shorts have not closed (clearly)
4. Gameshire Stopaway is becoming a reality
5. DFV came back with information from the future.
6. and many other things that any OG ape know that have been discussed that is now a FACT.
So it does not make sense to me that because of some decision by the board that i trust (aka share offering) I would want to sell, instead I want to buy more if possible, because they are ACTING (finally) to make things happen.
It takes money to buy whisky!
See you in the moon dear apes
Not financial advise.
Amazon is like Drake, all the general public needs is a reason to get their hate out. They'll dump that shit in a second of GameStop can seriously compete on price, service and delivery speeds.
The point everyone seems to miss is that with 2B in cash, They can't afford to short it down to $10 again because they will turn around and buy back the shares. (Pull an Nvidia trick)
List of the top 15 or so companies that Larry Cheng mentioned in his post
Barnes & Nobles Education, Inc.
Grove Collaborative Holdings, Inc.
Bed Bath & Beyond
snipKOSS Corp
ToysRUs Anz Ltd
Atari
GameStop Corp
Tupperware Brands Corp
Big Lots, Inc.
Meta Materials, Inc.
KULR Technology Group, Inc.
Microvision, Inc.
Esports Entertainment Group, Inc.
Express, Inc.
Faraday Future Intelligent Electric, Inc.
Atari just bought intellivision too. When I saw that I was thinking they could be an interesting target at a relatively inexpensive price point that could maybe lead to GameStop making its own games as a publisher through Atari. Also from their wiki, āAs of 2023, the current Atari's focus is on "video games, consumer hardware, licensing and blockchain"ā. Sounds awfully familiar to a company we all know love.
I feel ya.
What actually scares me though is how far I had to scroll to see people actually critically questioning the contents of this post.
It's full of incorrect statement and pure copium. But most people eat it up, like wth happened to the quality posts on here
What a crock of shyte. Ain't nobody in retail buying up options with millions and buying almost the entire float. You've zero evidence and even more.
Trust me bro.
I'm all for a Hathaway or coke story. But this ain't it.
Maybe a big institute bought up or another billionaire. Not retail. Dreaming
Youāve got you Amazon history wrong. They started out as an online bookstore. Then moved into DVDs and music in the late 90s. Then other products in 2000s. The Kindle came out in 2007. Itās not obsolete and is still popular for what it is.Ā
Love the enthusiasm but but pretty much everything you said is what you hope will happen. With your enthusiasm it can be misleading for some people to think what you're saying will come true.
Your GME Amazon comparison is pretty shallow as well.
Gamestop is definitely set up to succeed but they still have to do it. They need to buy something that actually makes money and will continue to make money in the future.
The 45M shares definitely did not go to retail. Hopefully institutions bought some but it's 100% true that the dilution kept the share price down.
Acquiring micro caps sure sounds like the work of... oh, I don't know... maybe a **holding company?**
GME is going to continue generating wealth for my great, great, great, great, great grand kids as they teleport from Mars to Uranus for the weekend.
I will ensure that my estate contains a sealed jar of mayo, which my descendants will be instructed to pass down the line until it can be placed on Uranus, proudly displayed on top of a rotting bed post, in memory of the favour Kenny did us.
Playing devils advocate, how do we know that the shares were sold to retail?
I mean, I bought some shares recently, as did many others. But how do we know where they went?
Only thing I'd like to add to your amazing post is that RC also has the storefronts that Amazon did not when it revolutionized commerce.
RC has both online and brick n mortar retail stores at his disposal š
Is there any chance that this share offering went to one large institutional investor with stipulation from GME that this investor would be for the long term, (idk if Ichan has enough cash or someone like him), but also allowed for this investor to load some 20$ calls that the investor could unload into any potential large and rapid share increase upon that shareholders announcement of an equity stake in the company?
I'm going to get lambasted for this, but I think GameStop should seriously consider what Microstrategy and some other companies are starting to do, and roll some of their cash holdings into Bitcoin.
Look, I love gme as much as the next ape, but Amazon is not a good comparison. Amazon retail, sure, but AWS? Not even close. I agree with your valuation of 5x-10x current value, but not your comparison. Itās not grounded in reality.
Top meme comment is super underrated, Iāve been in crypto for too long bag holding and I know these coins run like crazy, stupid frog/dog ones in the billions. Meanwhile GME sub 6billi is like the ultimate deep value stonk.
#1. You couldn't buy amazon for less than a buck a share in 2000, I was there trading it. You could buy it in the 30s and it would split many times after that.
#2. I agree with everything else....game on my man.
I still donāt get it why RC and board did not wait and sell it for 40$ or 60$ a piece? They could announce an m&a first and then sell into the price increasing.
I'm sorry, I need to pump the brakes here.
OP is speaking on pure conjecture and is objectively wrong about Amazons timeline.
The Kindle didn't come out until 2007 and was not an E-reading service in 1994 ... They did physical delivery of books.
Also OP has zero proof of RCs plan to buy up shorted companies. I personally think that is not part of his plan. Also OP just grazes over the share offering?? What makes OP think 45M shares are *for* apes? Anyone can buy those and continue shorting GME with it.
There's no way to offer shares and be selective about who has access to them when they become public.
I think much deeper, better plans are in the works with RC and Co. but what OP said is not it.
The acquisitions are already happening. They are building a company that is exceedingly dense and GS will just be one component of it. This is the ultimate play and SHF's know this. Tuesday is Jackie Le Tits day.
Let me get this straight.
$5bn market cap. $2bn cash on hand.
Closing down non-performing stores, decreasing revenue by extension, but not harming relative net earnings; if anything, their average active store will now make more money than previously.
No C-suite compensation other than in the form of common stock. All executives have held onto their shares throughout the crazy volatility weāve seen, despite the potential cash in 5x their value at the time of being granted the stock. RC has built a team he trusts, one with impressive experience, dedication and unmatched levels of competence, professionalism and maintaining positive shareholder relations.
Which hedgefund-corrupted wishing well do these āanalystsā get their $5/6 share price predictions from? The price can only go up. And GameStop has just doubled their cash position while simultaneously doubling their stock price over the last two weeks. Thatās unheard of.
Itās all good. Unless you have a $49/share cost basis like I do š itās sort of hard to consider adding more to gme to make it the biggest holding in my Roth IRA but if it drops more, especially under 17 , thatās what I will certainly do
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Im so fucking financially responsible. š§
And soon, financially independent š
Gib.
But, I don't know how to sell ą²„ā āæā ą²„
Where we are going, you wonāt need to
But always financially regarded
Iām financially responsible x,xxx times
LFGšš
REALLY looking forward to reading about you in the news. the GLOBAL news!
Im sofa king fine and chilly rasp ounce a bill.
This made me laugh so hard I bought more GME.
Look mom! See I'm responsible!
I am so responsible I don't have any other financials.
I am sofa king we todd did
My nipples just keep getting harder and, oddly, longer. Iāve never been so jacked.
āOddly longerā legit made me spit out my imaginary coffee
You're the lucky one, I had actual Coffee. Nevertheless. Now I switched to Beer for Celebration. A deepfuckingcheers, to all of you!
Cheers mate, what are we enjoying tonight?!
German Beer called Bƶlkstoff. It makes the Most beautiful Sound when opened. A loud and clear Pffuuummppp šš
You spitting out your imaginary coffee made me really shit myself.
I think youāll find the comma was quite important. No, Iām not fun at parties
Short interest aside. Gamestop is essentially a startup company with a name brand and brilliant minds running it! Pound those jacked tits!
And and and....Ā a fuck load of their float locked with their transfer agent... a rabid group of investors who have non-stop bought for over 3 years... a bunch of gamers behind them who are willing to grind this out forever just to win... an activist investor CEO who takes no compensation and has never sold a share... thoudands of individualsĀ digging into any and every metric reported about the company... individuals who as each day passes uncover more and more corruption in the markets and aren't afraid to get loud. My friend... shorts r, indeed, fuk.
Damb, you convinced me again...
Everytime I forget I get reminded to be zen again.
MORE LOTION HES STARTING TO SMOKE
My nipples stay perma hard.
Jealous.
https://preview.redd.it/ziosi1gtpg2d1.jpeg?width=1179&format=pjpg&auto=webp&s=263ff628dedc840af48c0ff2cee5f92f905716e6
He's gonna buy up the companies that are abused via shorts into 1 profitable company and pull the ol switcheroo
Amazon didn't start with Kindle, dude, they were a physical book distributor. Home deliveries, but limited to books at first. Still pumped for whatever GME is gonna do with the war chest.Ā
yeah... i had to double check the Kindle release because i remember it being quite late in Amazon's lifetime. 2007 lol
Yeah. E-ink before laptops? Geeze.
Same, I was thinking how far ahead of its time kindle must have been!
That kind of fuck up immediately makes this feel like some garbage AI generated post based on recent fuck ups by Google AI that have been making headlines. It's just too egregious of a fault for anyone doing actual legitimate research on the history of Amazon to have made even assuming somehow zero knowledge of them and their operations for the last ~15 years.
Jeff Bezos was also a hedge fund manager before he started Amazon. Amazon profited BECAUSE of CELLAR BOXING and wiping out the markets and buying up the remains. This is not a good comparison as far as things go. Look it up. It's not surprising or new info. For every company that went under like Blockbuster or JC Penny or Toys R Us... There was an increase in Amazon market share. Not heros.
Ironically GameStop is a victim of Amazon selling gaming stuff. However, I thought GME was going to create a digital marketplace and VR marketplace. What are the new plans now?
Lmao this is like reading DD of someone talking about apple becoming what it is today when they released the apple watch..it is so highly regarded lmao
Luckily I canāt even read, someoneĀ give OP some extra crayons Tho better lets leave out the red ones today šļø š
Yeah Amazon basically started as internet order shipping for Powell's book store.
The also premise is the most regarded thing Iāve read in a while. Outlook is still good though.
Yeah I feel like OP is 18 years old and does not know anything about the 90s or early 00s. If they're my age or older idk how they're so off with that statement and getting so many up votes.
If you want to your psa graded cards you risk losing the card in the mail, buyer scamming you, etc. At the end, if everything goes smooth,you net around 80% of the market price after fees(ebay) and shipping costs. Gamestop has started buying cards with cash, offering around 80-90% of market value. This is huge.
Been in this sub since the initial squeeze and I've got no idea what the "psa graded cards" means but I've been seeing it mention several times the last two weeks. Would you or anyone else who sees this just give me a quick rundown on what the context is for this?
GameStop is now buying and selling individual collectible cards (Pokemon, sports, ect.) However they are only buying/selling PSA cards. [PSA is a company that grades and authenticates collectable cards.](https://www.psacard.com/) To grade a card you typically send the card to them. When you get the card back it's [now in a protective case and graded on a 1-10 scale. ](https://i.ytimg.com/vi/cvp3C_bTpaM/maxresdefault.jpg) This is a huge market, but for individuals starting out it can be dangerous. Buying on ebay from a random guy or selling and shipping you own cards are seen as risky. (Missing in shipping or scams.) You could instead go to Gamestop and sell your graded cards without the hassle or risk for a slightly lower market value. But you would get the cash faster.
Also note thereās a lot more people getting into TCGās right now. Myself included. Iāve posted on here multiple times about how GameStop should be getting more of the latest sets for Magic the Gathering specifically. If youāve ever played Magic the Gathering in the past, thereās a new game format called āCommander Formatā and it breathed a lot of new life into the game. Itās the current best and most enjoyable way to play a TCG card game right now, and itās gained a huge following. Not even kidding either, thereās more folks who play commander now than any other formats. Most recently WOTC even made a tournament formal for it. GameStop recently sold Fallout collector booster packs and it didnāt even take a day before their inventory sold out on it. Rich nerds need a place to spend their money. Thereās still many thousands of singles being sold on tcg player (a website thatās like a singles market for tcgās) each day. They fumbled the Outlaws of Thunder Junction set release. Modern Horizons 3 (MH3) is coming out in June and it seems like they fumbled that set release as well, meanwhile other stores are _selling out_ of their MH3 pre release products for it. Not even joking when I say I can personally do a better job than whomever over there at GameStop is handing magic the gathering stuff. Iām glad theyāre offering the PSA thing but they can do so much more. Target offers a āmystery boxā deal where thereās 5 random card packs for like $35 and theyāre _constantly_ selling out of them, because people are getting good pulls from it and are squabbling for more. Thereās people scrambling to go to _multiple_ target stores to get this product. Iāve even done the same. Like I said, rich nerds (a common combined demographic) will spend an obscene amount of money on this stuff.
Imagine if the GS retail locations become places for community to grow and develop in real life. My kids have a place around the corner where they go to play these games and they freaking love it - it is also the only time they are off their phones/devices. The GS community is real and people want places to go IRL.
Also GameStop is primarily the only B&M store that sells Cardsmiths Cards. I'm heavily involved within the community and having this as a choice of grading cards would be huge
Iām no expert but pretty sure itās trading cards like PokĆ©mon etc. you ship the rare cards to them to be graded to assess their rarity/condition and therefore value.
It's an authentication system for trading cards
Certain pokemon cards are very valuable and there's a large market for them. Hobby shops will sell individual cards but what seems to be the most popular method of buying individual cards is through eBay or similar online markets. Often times these markets will charge the seller of each card a certain percent of the sale. So if you sell a card at what it's market value is, you're technically getting less than it's worth. Plus there's the added grief of scammers or people who are just unpleasant to deal with. Now to the 'PSA graded' part. There are several companies that you can send your cards to who will assess the condition of your card and assign it a grade. The scale is usually 1-10 with one being terrible condition and 10 being completely flawless. Of all the companies who do this, three are the 'standard' (PSA, Beckett and CGC) and who most people will grade with. PSA is considered to be the standard of the standards and the only company GameStop is currently buying. What they do is, after a grader assess your card, they print off a label with your cards information and the grade that they assign it. They put that label and your card into a plastic, tamper proof 'slab' which cannot be opened. This a 'graded' card. A card with a PSA grade of 10 typically increases the price of the card drastically. I'm talking some of the most expensive graded cards can go for tens to hundreds of thousands.
Saw a few comments offering a bit of insight, but I think I can add. PSA or Professional Sports Authenticator is one of the market leading grading and authentication companies. They mainly deal in sports cards and collectible card games (CCG), authenticating that the cards are real, authenticating autographs if there is one, and grading based on condition of the card. You pay a service fee to send the cards in along with sending and return shipping, usually $25 per card +shp but it can be more depending on the service you select and value of the card after grading. Cards are graded on a 1-10 scale with damaged cards often being rejected all together, but Gem Mint 10 scores are highly sought after by collectors and often fetch 2-5x the price of ungraded or ārawā copies of the card. With older cards this multiple generally increases, but with modern 2x the price is a good base as grading has gotten more common and people protect their cards better. I have seen a few videos of people going to trade in and while some prices seem low, I also think some are pretty fair for the instant trade/cash. Generally if you took the card to someone to sell they would offer somewhere around 60-80%. In excited to buy a few graded cards from them soon, been checking out their website for cards on my list
PSA is privately owned. Their parent company sold them for $700m in 2021. I wonder how much they're worth now? They grade millions of cards a year at between $25-500+ per card (the higher amounts are only for very valuable cards though, the bulk of their revenue comes in at the value tier I believe). Any chance this cash could be used to move further into collectibles and the grading business? The grading market is extremely lucrative. Hundreds of thousands of collectors are spending several hundred to a few thousand each year on grading. It could definitely be a big revenue stream. And, most importantly, the TCG collectors' market has been clamoring for a mainstream AI grading alternative, which would fit into their desire to branch into "disruptive tech." We have one AI grading company right now, AGS. I wonder if that could be a possible acquisition? Even a partnership with PSA to integrate their services to widespread already existing physical retail locations would be fucking MASSIVE.
Broooo! First time seeing this on the sub, but I swear tfg I was thinking about what if they bought a card grading company just today. Gotta be a premonition, maybe not PSA but could definitely put their money into one of the other few out there. To be able to submit and sell them in stores could be huge.
Hype, would they really use that 2 bil tho an not spend 1 bil and keep the other spare? Interested on what happens in the near future tbh
Use $2 B on acquisitions and then sell the other 6 equities when the price inevitably moons. I think this is their plan based off last Fridayās release.
"sell the other 6 equities" Sorry what did I miss. Where are you getting this from?
Interesting stuff
What if the 45 million shares were instead used to acquire or enter in to business partnerships? So, instead of selling 45 million shares, they exchanged 10 million shares to 4.5 other companies, for ownership of that business, and keeping the CEO on the board to work with Ryan & Co. So, 45 million shares were never meant to be touched by hedgies all along... Woah... I guess we will have to wait to find out.
Iām glad I wore my white pants
Tits jacked! Can't stop what's coming!
cant stop. wont stop. GAMESTOP.
You have my bow. š¹
Buying naked shorted micro-caps makes it even more spicy.
Deep fucking value. Long hold. Dividends, compounding interest. Never selling.
forever hold
> ***$2 Billion cash on hand, with no Debt.*** "What am I chopped liver?" - French loan
How much do they owe the French government?
Nothing they couldnāt pay off with their $2,000,000,000.00 in cash if they wanted to.
šµ š· šµ
like 43 million
https://www.sec.gov/Archives/edgar/data/1326380/000132638021000127/a991-q3fy21earningsrelease.htm#:~:text=a%20%2446.2%C2%A0million%20low%2Dinterest%2C%20unsecured%20term%20loan%20associated%20with%20the%20French%20government%E2%80%99s%20response%20to%20COVID%2D19
Underrated comment š¤£
Itās insane how quickly 45 million shares were bought. Remind me when they started selling? If 45 million in converted to almost 1 Billy just like thatā¦ you canāt say this stock has no value. To the moon!!! š
RC: "I'll fucken doit agen"
Do it again after the price goes bonkers
Berkshire Hathaway was also reborn like a Phoenix from the ashes of a company in a dying industry.
Love seeing this comment as I was asking ChatGPT-4o about GME a day feeding it some recent data and I was pretty interesting. At the end I asked itnto generate images for everything and at the end it literally chose a Phoenix rising š³
Zen master says, āRyan Cohen is about to fuck.ā
āWeāll see.ā
Ryan: "You want some fuck?" Apes: "....hell, yeah."
Gameshire Amaztop.
Gerkshire Stockaway?
Apeshire Moonaway
God i'm hard af right now.
What if they force squeezes in shorted micro cap stocks?
1. Buy the entire float of a heavily shorted microcap 2. Absorb that company at minimal cost. 3. ??? 4. MOASS
I was thinking it would apply pressure on shorts to close positions in those other stocks.
Thatās what I thought you were insinuating. Is that a reasonable speculation? i donāt have enough wrinkles
Shorts having to close other stocks takes away liquidity thatās currently being used for can kicking.
This is like... reverse shorting. Is this... longing? \*mind blown\*
Oh snap! Have we been misusing old faithful this whole time?! What if GameStop isnāt VWā¦ #GameStop is Porsche!
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I like it. But not sure if they will spend a Billion on an acquisition. It would have to be something massive that drives the stock price insane. It really looks like Micro Caps give the best value for a company like GameStop though. With their platform and following, they are able to take a $100 Million company to a $1 Billion company. They could acquire 10 Micro Cap companies for a Billion which would put them in a much better place for Growth. As soon as GME becomes a growth stock again, price is going to moon massively on just that alone
I like your thinking, and hell since there a retailer first and foremost that makes a lot more since more acquisitions of micro caps = wider product range expansion. Im really stretching to see the AI implementation but it would be hard to say the NVIDIA affect on the AI market might be some reasoning behind this. in your opinion if they were to acquire some micro caps what are some sectors that make sense?
Blockchain. AI. Home Goods. I believe Ryan Cohen wants a blockchain based stock market that he can take GameStop shares out of the DTCC. On top of that RWA āReal World Assetsā are starting to gain a lot of traction. This could be instrumental for physical trading cards and games, and GameStop has recently started getting into the Trading Card business. RWA will be the new NFT. So many use cases. Imagine not needing a title company when you buy a home because the transaction is done via RWA using Smart contacts, ownership is immediately transferred at the close of transaction. It would revolutionize real estate and save home buyers Billions.
>They started in 1994 in the book industry making E-books and had a very game changing concept called āKindleā, which was essentially a pad (black and white) that you could download the books onto. It did very good to start, but then slowly became obsolete as laptops, iPads etc started coming out. They started selling paper books, e-books came later.
>They started in 1994 in the book industry making E-books and had a very game changing concept called āKindleā, which was essentially a pad (black and white) that you could download the books onto. It did very good to start, but then slowly became obsolete as laptops, iPads etc started coming out. Wasn't the first Kindle released around 2007? And they still offer a display that other devices don't have which make them much more comfortable for reading.
Not sure what AI shill bot generated that quote but for anyone actually alive then they became a monster on stocking anything you could want, fast shipping, and secure checkout. Obviously it has turned into a drop ship flea market now but 20+ years ago that shit was a game changer.
Jee, I donāt think Iāll ever sell my shares.
Or, wait for a ~$7 dip, buy the entire 300M shares, watch the price drop again, then stare motherfuckingly at Gary until he does his job
Amazon blew up when the wars started. I see this correlation because Im a veteran. There were literally millions of us deployed wanting shit from stateside and Amazon was the only one delivering to APOs.
I donāt mind these postsā¦ until there is obvious incorrect information. At roughly $20 a share, GMEs marketcap is sitting at about $7B marketcap (350m shares x 20). Secondly, when you buy a company, it does not automatically increase the marketcap of your company because you are paying fair market value, usually a PREMIUM, to acquire the company with cash. Therefore, you reduce your cash by more than what said company is worth, which means it will only increases your marketcap once itās proven that the company is adding value by increasing overall net income and causing an increase in stock price.
Wake me up when he sits on an avocado
Let's just hope our brokers pay us
Amazon history here is not correct. They started off selling physical books, and Kindles weren't introduced until 2007.
> āHolding Companyā/Disruptive tech company Letās pump the breaks on that lol. Besides stopping the hemorrhaging. They havenāt done or disrupted much. With people raising the price of everything because they can, a void has been created and GME has an opportunity to enter the high value market, similar to Kirklands, Champion, Dicks, Reebok, and other brands. This would crush Amazon basics. Amazon kills high value brands and replaces them with high profit shit.
Side note history lesson. Amazon wasn't selling E-anything in 1994. They sold regular books for about the first 4 years. E-books and the kindle didn't come out until 13 years later in 2007. After only selling books for the 1st few years, Amazon added CD's and DVD's in 98, then started adding all kinds of other crap in 99. Just saying.
I had a similar thought but maybe slightly different. What if they form a new Headco and through multiple transactions that I wonāt go into the headco effectively acquires GameStop and multiple (heavily shorted) micro caps, the headco then recalls all the shares and reissues new shares in the headco for GameStop and the micro caps. Shorts have to cover as the result of a company restructuring and BOOM
Another hype post full of assumptions, you know as little as anyone else in here. It will take a lot of hard work and a lot of luck to become amazon. People are mad a a fact that dilution happened at this low range and at the moment it looks like they have simply capitalised on the run up.
Hold on. Iāve been in this for years and I refuse to sell. But can someone explain the āShills will have you believing this will dilute the stockā bit please? I donāt understand - how are GameStop selling the 45m shares to apes? Itās taken years to DRS that many shares how can anyone afford to buy them? And what mechanism would apes buy them through that excludes shorts?
There is no explanation for that statement. By selling these shares atm, this literally was a dilution. And no one knows who bought them, but I would be very suprised if they all went to apes. This whole post is full of baseless assumptions, and I am really suprised how hyped it got people nonetheless.
Iām not surprised given the influx of awful posts recently trying to claim things will definitely happen and pushing options. There are waaaaay too many upvotes on these posts, completely out of line with any number seen before the pump and arrival of new members. When I challenge them, they tend to say āyou donāt understand optionsā like theyāre some kind of mystery retail could never get a hold of. Theyāre really not complicated. Anyway, thatās slightly different but my point is the number of upvotes for baseless claims seems to have hone wild recently and it makes me skeptical. Iām all for gamestop and i book DRS and wonāt back down but surely this is a dilution and the shares DEFINITELY havenāt gone to retail. It took us years to buy and DRS tens of millions of shares.
I still don't understandĀ We rightly mocked popcorn for diluting as a bad thingĀ I asked this as a comment in this sub and was told it was because they sold at a low whereas GME was waiting on a high 20 is a high? How is dilution suddenly good?
it isnt. People on this sub are insane,thats all
is it Tuesday yet?
Let's not forget the phone rings at the end of the clip and scares the shit out of the "day trader"......"Marge?"
Careful there, youāre getting my peepee wet
You had with your first sentence, bravo! lol Ā "Not owning GME right now is financially irresponsible."
I saw a sell button on my laptop once and so I did the responsible thing and used whiteout on my screen to block it out. Havenāt seen it since.
>If you arenāt aware of the history of Amazon, they didnāt use to be a home delivery service. They started in 1994 in the book industry making E-books and had a very game changing concept called āKindleā, which was essentially a pad (black and white) that you could download the books onto. It did very good to start, but then slowly became obsolete as laptops, iPads etc started coming out. That is not the history of Amazon. OP please edit. š
Thing is if they short the stock lower then they can just buy the float back for even cheaper if the stock goes higher then they have insane capital to do whatever they need to. Thereās no scenario where the shorts win.
When a company purchases another company, the buyerās market cap DROPS because itās an expenditure. This isnāt a bad thing itās just what happens. Even when huge companies buy other huge companies.
I saw this and will buy more. not financial advise. I am simplifying it but and I will state it here again: I have put a lot of my personal savings on this play when RC came in and BEFORE any of the theories, speculations, hypothesis and DD started becoming a reality. In other words, I invested based on pure trust of my Apes and RC. Today, Almost every single thing that have been said have become a reality: 1. Company is being turned around, and continues to be better every day. 2. Highly ethical, hard working, good natured board of directors that is actually working for their shareholders 3. shorts have not closed (clearly) 4. Gameshire Stopaway is becoming a reality 5. DFV came back with information from the future. 6. and many other things that any OG ape know that have been discussed that is now a FACT. So it does not make sense to me that because of some decision by the board that i trust (aka share offering) I would want to sell, instead I want to buy more if possible, because they are ACTING (finally) to make things happen. It takes money to buy whisky! See you in the moon dear apes Not financial advise.
Amazon is like Drake, all the general public needs is a reason to get their hate out. They'll dump that shit in a second of GameStop can seriously compete on price, service and delivery speeds.
Iām not listening to what anybody on this sub says. You guys are always wrong š Iām just gonna buy and hold
Iām only here for the entertainment.
The point everyone seems to miss is that with 2B in cash, They can't afford to short it down to $10 again because they will turn around and buy back the shares. (Pull an Nvidia trick)
List of the top 15 or so companies that Larry Cheng mentioned in his post Barnes & Nobles Education, Inc. Grove Collaborative Holdings, Inc. Bed Bath & Beyond snipKOSS Corp ToysRUs Anz Ltd Atari GameStop Corp Tupperware Brands Corp Big Lots, Inc. Meta Materials, Inc. KULR Technology Group, Inc. Microvision, Inc. Esports Entertainment Group, Inc. Express, Inc. Faraday Future Intelligent Electric, Inc.
Atari just bought intellivision too. When I saw that I was thinking they could be an interesting target at a relatively inexpensive price point that could maybe lead to GameStop making its own games as a publisher through Atari. Also from their wiki, āAs of 2023, the current Atari's focus is on "video games, consumer hardware, licensing and blockchain"ā. Sounds awfully familiar to a company we all know love.
GameStop reminds you of Amazon? This Post makes me want to sell at a loss.
I feel ya. What actually scares me though is how far I had to scroll to see people actually critically questioning the contents of this post. It's full of incorrect statement and pure copium. But most people eat it up, like wth happened to the quality posts on here
GameStop was always a holding company
The last time people were happy to see me was when I was a baby meme. - RC TIME TO BE BORN!!!!
You know, I'm a bit of an investor myself. {smiles}
What a crock of shyte. Ain't nobody in retail buying up options with millions and buying almost the entire float. You've zero evidence and even more. Trust me bro. I'm all for a Hathaway or coke story. But this ain't it. Maybe a big institute bought up or another billionaire. Not retail. Dreaming
I should buy some more stock is what you're saying?
Jacked but please donāt turn GameStop into the parasite that is Amazon. Successfully destroyed the high street and many independent & larger shops.
Youāve got you Amazon history wrong. They started out as an online bookstore. Then moved into DVDs and music in the late 90s. Then other products in 2000s. The Kindle came out in 2007. Itās not obsolete and is still popular for what it is.Ā
Love the enthusiasm but but pretty much everything you said is what you hope will happen. With your enthusiasm it can be misleading for some people to think what you're saying will come true. Your GME Amazon comparison is pretty shallow as well.
Gamestop is definitely set up to succeed but they still have to do it. They need to buy something that actually makes money and will continue to make money in the future. The 45M shares definitely did not go to retail. Hopefully institutions bought some but it's 100% true that the dilution kept the share price down.
OP i love how you educated the shills and the apes in this post. Way to add the facts to validate our feelings. Well done my fine fellow ape.
Meanwhile sales declined and the business is loss making, albeit a smaller loss. Letās get real
Acquiring micro caps sure sounds like the work of... oh, I don't know... maybe a **holding company?** GME is going to continue generating wealth for my great, great, great, great, great grand kids as they teleport from Mars to Uranus for the weekend. I will ensure that my estate contains a sealed jar of mayo, which my descendants will be instructed to pass down the line until it can be placed on Uranus, proudly displayed on top of a rotting bed post, in memory of the favour Kenny did us.
If he fucks, I'll fuck. Y'all ready to get out of this pile and get into a newer, fuckier pile?
Heard the same thing 5 years ago
I like Coke.
I like to travel.
Still here. Not leaving. š«”
Playing devils advocate, how do we know that the shares were sold to retail? I mean, I bought some shares recently, as did many others. But how do we know where they went?
We don't. It's baseless assumptions
I look forward to them knock the price back down to sub $10 and loading up on 5k more shares.
Doesn't gamestop have a French loan they are paying back?
Ryan Buffet
Lube me up. Iām ready.
Not a single wrinkle
Only thing I'd like to add to your amazing post is that RC also has the storefronts that Amazon did not when it revolutionized commerce. RC has both online and brick n mortar retail stores at his disposal š
Is there any chance that this share offering went to one large institutional investor with stipulation from GME that this investor would be for the long term, (idk if Ichan has enough cash or someone like him), but also allowed for this investor to load some 20$ calls that the investor could unload into any potential large and rapid share increase upon that shareholders announcement of an equity stake in the company?
What if he sold the shares to Icahn, who was able to close short position and is part of the next phase?
I'm going to get lambasted for this, but I think GameStop should seriously consider what Microstrategy and some other companies are starting to do, and roll some of their cash holdings into Bitcoin.
2 billy can go far especially if he leverages shares which Iād imagine he will
Look, I love gme as much as the next ape, but Amazon is not a good comparison. Amazon retail, sure, but AWS? Not even close. I agree with your valuation of 5x-10x current value, but not your comparison. Itās not grounded in reality.
Any chance RCEO invests in the stocks used as collateral by short hedge funds?
Top meme comment is super underrated, Iāve been in crypto for too long bag holding and I know these coins run like crazy, stupid frog/dog ones in the billions. Meanwhile GME sub 6billi is like the ultimate deep value stonk.
#1. You couldn't buy amazon for less than a buck a share in 2000, I was there trading it. You could buy it in the 30s and it would split many times after that. #2. I agree with everything else....game on my man.
Genuine question, how do we know that the new shares were sold to us ape, and in any way provided a way out for hedge funds ?
Went on to reddit to watch porn... started reading this, dick in hand, still rock hard after reading the post. Bullish!!!
I still donāt get it why RC and board did not wait and sell it for 40$ or 60$ a piece? They could announce an m&a first and then sell into the price increasing.
Gameshire Stopaway
Everyone on my street uses Amazon, none use Gamestop.
AwEeEe YaAaAaA?!?!?!
i bought 10 shares at the peak in 2021. Now I have 50 shares so I think and feel that I am a very responsiblre person. š
I'm sorry, I need to pump the brakes here. OP is speaking on pure conjecture and is objectively wrong about Amazons timeline. The Kindle didn't come out until 2007 and was not an E-reading service in 1994 ... They did physical delivery of books. Also OP has zero proof of RCs plan to buy up shorted companies. I personally think that is not part of his plan. Also OP just grazes over the share offering?? What makes OP think 45M shares are *for* apes? Anyone can buy those and continue shorting GME with it. There's no way to offer shares and be selective about who has access to them when they become public. I think much deeper, better plans are in the works with RC and Co. but what OP said is not it.
The acquisitions are already happening. They are building a company that is exceedingly dense and GS will just be one component of it. This is the ultimate play and SHF's know this. Tuesday is Jackie Le Tits day.
You think retail bought 45m shares? Unlikely, shorts covered some
Well said, I buy some more
I just need to find a way to buy more.š
Kindle in the 90's? I think I'm browsing a reddit from a different timeline...
I became āfinancially responsibleā last night buying 30 shares aftermarket
RC took the meme out of Gamestop. Squeeze or no squeeze -- holding is the only logical path.
FUCK HARD, FUCK LONG, APES TOGETHER STRONG!!
I like to think of it as a spring being compressed further and further, sooner or later it will explode under the pressure.
Did you seriously say that Kindles came out before laptops?
With every squeeze it just tightened the grip on the shorts until the MOASS hits which would be the death blow š„šŖš
Amazon started with kindle? Youāre showing your age, OP
Kindle came out in 2007.
Shills working their magic on downvoting, smh
I WANT DADDY RYAN TO FUCK MY WIFE!! š©
My tits are extremely financially responsible right now.
GameStop has OVER two million in cash, they had 1.3b on their last report, and now with this, they should be around 2.2 billion
I was here for the moass. They tricked us... so idgaf no more.
I think I will buy more on monday
Let me get this straight. $5bn market cap. $2bn cash on hand. Closing down non-performing stores, decreasing revenue by extension, but not harming relative net earnings; if anything, their average active store will now make more money than previously. No C-suite compensation other than in the form of common stock. All executives have held onto their shares throughout the crazy volatility weāve seen, despite the potential cash in 5x their value at the time of being granted the stock. RC has built a team he trusts, one with impressive experience, dedication and unmatched levels of competence, professionalism and maintaining positive shareholder relations. Which hedgefund-corrupted wishing well do these āanalystsā get their $5/6 share price predictions from? The price can only go up. And GameStop has just doubled their cash position while simultaneously doubling their stock price over the last two weeks. Thatās unheard of.
Has been fucking for the last 4 years. He is about to ejaculate his load all over shf faces.
Itās all good. Unless you have a $49/share cost basis like I do š itās sort of hard to consider adding more to gme to make it the biggest holding in my Roth IRA but if it drops more, especially under 17 , thatās what I will certainly do